Leasing Commences at The NRP Group’s New 300-Unit Mixed-Income Community, Sutton Flats, in Sherman, Texas

Sutton Flats delivers thoughtfully designed homes and premium amenities to residents near the I-75 and major employment hubs

DALLAS–(BUSINESS WIRE)–The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing alongside Texoma Housing Partners, today announced the grand opening of Sutton Flats, a 300-unit mixed-income community in the heart of Sherman, Texas. The project addresses rising demand for high-quality housing across the rapidly growing Dallas-Fort Worth metroplex, pairing modern design with convenient access to major employment centers, retail, dining and entertainment destinations. Half of the residences are reserved for households earning up to 80 percent of the Area Median Income (AMI).

“Sutton Flats is about delivering meaningful value to working households in Sherman,” said Alena Savera, Vice President of Development at The NRP Group. “We focused on creating a community that offers comfortable homes, meaningful amenities and a location along Highway 75 that keeps residents connected to major employment centers. Combined with our Essential Worker Living program, Sutton Flats expands attainable, high-quality housing options for the educators, healthcare professionals and public safety workers who are vital to Sherman’s continued growth.”

Located at 10001 Cedar Creek Drive in South Sherman, the site offers easy access to Interstate 75, downtown McKinney and the nearby Sherman Town Center. Its central location also places residents within a short drive of major employers including Texas Instruments, Tyson Foods, GlobalWafers Texoma Medical Center and Wilson N. Jones Regional Medical Center.

Residents of Sutton Flats will enjoy a selection of premium amenities anchored by an expansive state-of-the-art fitness center, co-working space with conference rooms, a game room, clubhouse and lounge, resort-style pool, as well as a dog park. Sutton Flats also offers rentable garage parking spaces.

Apartment interiors combine elevated finishes with functionality. Each home includes stainless steel appliances, in-unit washer and dryer, walk-in closets, keyless entry, luxury vinyl plank flooring and ceiling fans. Select homes feature private yards.

The community also offers an Essential Worker Living program that provides attainable housing for residents employed in critical local roles, including education, public safety and healthcare.

The Dallas-Fort Worth metro area remains a priority market for The NRP Group. The firm has developed over 7,000 units across more than 30 properties in the region, and recently broke ground on the following new housing developments in the area: The Pullman, a luxury 370-unit multifamily community; Cora, a 340-unit mixed-income housing community in Anna, Texas; and The Whitley, an upscale 330-unit multifamily community in Princeton, Texas.

Sutton Flats is now open and leasing is actively underway. Rents range from $1,132-1,540, with limited-time grand opening incentives available. For more information, please visit suttonflats.com.

About The NRP Group

The NRP Group is a vertically integrated developer, owner, builder, and manager of best-in-class multifamily housing with a mission to create exceptional rental housing communities for individuals and families, regardless of income. Since its founding in 1994, NRP has developed more than 67,000 apartment homes and currently manages over 30,000 residential units.

Through its disciplined approach to vetting opportunities, NRP has established a track record of delivering impressive returns for investors. The company’s formidable size and depth of talent provide the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market-rate, affordable, mixed-income, and senior housing.

The NRP Group has been consistently named a largest developer and builder in the U.S. on the NMHC “Top 50” lists, the Top 5 on the Multi-Housing News’ “Top Multifamily Developers” list, named a Top Affordable Housing Developer by Affordable Housing Finance, and has won three NAHB Pillar awards since 2020 for Development, Construction and Ones to Watch. The NRP Group has become the top multifamily developer in the U.S. that creates both affordable and market-rate housing at a national scale. Based on over 30 years of experience and expertise, NRP provides construction and property management services to outside owners and developers. For additional information, visit www.nrpgroup.com.

Contacts

MEDIA CONTACT:
nrpgroup@antennagroup.com